Stephens analyst Terry McEvoy maintained a Hold rating on First Midwest Bancorp (FMBI) yesterday and set a price target of $24. The company’s shares closed yesterday at $20.12, close to its 52-week low of $19.04.
According to TipRanks.com, McEvoy is a 4-star analyst with an average return of 5.2% and a 54.9% success rate. McEvoy covers the Financial sector, focusing on stocks such as Chemical Financial Corp, First Financial Bancorp, and Wintrust Financial Corp.
Currently, the analyst consensus on First Midwest Bancorp is a Strong Buy with an average price target of $26.
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The company has a one-year high of $27.70 and a one-year low of $19.04. Currently, First Midwest Bancorp has an average volume of 548.1K.
Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FMBI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
First Midwest Bancorp, Inc. (Illinois) is a bank holding company, which engages in the provision of banking, treasury, and wealth management products and services to commercial and industrial, commercial real estate, municipal, and consumer customers.
